European stocks were little changed ahead of the release of Eurozone inflation data.

A report is expected to confirm euro-area inflation fell to 0.5% year-on-year in May from 0.7% in April, well below the European Central Bank's (ECB) 2% target.

Concerns over weak prices prompted the ECB to cut the benchmark interest rate and deposit rate earlier this month.

In the US later on will be the release of industrial and manufacturing production figures.

US industrial output may have risen 0.5% in May following a 0.6% drop a month earlier, according to forecasts. Manufacturing production is predicted to have gained 0.6% last month after a 0.4% fall in April.

In Iraq, army militants killed more than 279 rebels yesterday as Sunni Muslim insurgents moved to take over the territory north of Baghdad.

Fears over the unrest disrupting oil supplies has pushed prices higher. Brent crude futures rose $0.390 to $112.900 per barrel at 09:00, according to the ICE.

On the company front Actelion advanced as its experimental treatment for a lung disease met the main goal of a late-stage study.

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